Horizon Technology Finance (NASDAQ:HRZN) Shares Cross Above 200 Day Moving Average of $12.00

Horizon Technology Finance Co. (NASDAQ:HRZNGet Rating)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.00 and traded as high as $13.18. Horizon Technology Finance shares last traded at $12.92, with a volume of 121,585 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HRZN shares. StockNews.com started coverage on shares of Horizon Technology Finance in a report on Wednesday, October 12th. They set a “sell” rating for the company. Janney Montgomery Scott started coverage on shares of Horizon Technology Finance in a report on Wednesday, October 5th. They set a “neutral” rating and a $10.00 price target for the company. UBS Group started coverage on shares of Horizon Technology Finance in a report on Friday, September 9th. They set a “neutral” rating and a $12.50 price target for the company. Finally, B. Riley reiterated a “neutral” rating and set a $10.50 price target on shares of Horizon Technology Finance in a report on Friday, September 16th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Horizon Technology Finance Trading Down 2.0 %

The firm has a market capitalization of $341.09 million, a P/E ratio of 15.95 and a beta of 1.11. The company’s fifty day simple moving average is $11.48 and its 200 day simple moving average is $12.00.

Horizon Technology Finance Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Friday, February 17th will be issued a $0.11 dividend. The ex-dividend date is Thursday, February 16th. This represents a $1.32 annualized dividend and a yield of 10.22%. Horizon Technology Finance’s dividend payout ratio (DPR) is presently 148.15%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Green Alpha Advisors LLC raised its holdings in Horizon Technology Finance by 364.2% in the 2nd quarter. Green Alpha Advisors LLC now owns 592,570 shares of the investment management company’s stock worth $6,838,000 after purchasing an additional 464,907 shares in the last quarter. Shelton Capital Management grew its position in shares of Horizon Technology Finance by 8.5% in the 1st quarter. Shelton Capital Management now owns 410,000 shares of the investment management company’s stock worth $5,699,000 after buying an additional 32,000 shares during the period. Advisors Asset Management Inc. grew its position in shares of Horizon Technology Finance by 6.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 271,106 shares of the investment management company’s stock worth $2,714,000 after buying an additional 15,522 shares during the period. Eqis Capital Management Inc. grew its position in shares of Horizon Technology Finance by 1.7% in the 1st quarter. Eqis Capital Management Inc. now owns 192,095 shares of the investment management company’s stock worth $2,670,000 after buying an additional 3,203 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Horizon Technology Finance by 25.8% in the 3rd quarter. Marshall Wace LLP now owns 133,634 shares of the investment management company’s stock worth $1,338,000 after buying an additional 27,432 shares during the period. 12.53% of the stock is currently owned by institutional investors.

Horizon Technology Finance Company Profile

(Get Rating)

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries.

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